Kelin Environmental Protection Equipment (SZSE:002499) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2022)

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What is Kelin Environmental Protection Equipment LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Kelin Environmental Protection Equipment's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.01.

Kelin Environmental Protection Equipment's long-term debt to total assets ratio increased from Sep. 2021 (0.00) to Sep. 2022 (0.01). It may suggest that Kelin Environmental Protection Equipment is progressively becoming more dependent on debt to grow their business.

Kelin Environmental Protection Equipment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kelin Environmental Protection Equipment's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kelin Environmental Protection Equipment LT-Debt-to-Total-Asset Chart

Kelin Environmental Protection Equipment Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.07

0.08

0.01

Kelin Environmental Protection Equipment Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

Kelin Environmental Protection Equipment LT-Debt-to-Total-Asset Calculation

Kelin Environmental Protection Equipment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	6.528	/	696.534
	=	0.01

Kelin Environmental Protection Equipment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	6.504	/	623.826
	=	0.01

Kelin Environmental Protection Equipment (SZSE:002499) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Kelin Environmental Protection Equipment LT-Debt-to-Total-Asset Related Terms

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Kelin Environmental Protection Equipment (SZSE:002499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kelin Environmental Protection Equipment Inc (SZSE:002499) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Address: No. 8 Jiaotong Road, Bache District, Songling town, Wujiang city, Jiangsu Province, CHN, 215222

Website

http://www.kelin-china.com

Kelin Environmental Protection Equipment Inc manufactures and sells environmental protection equipment in China. It is a supplier of flue gas purification and treatment solution integrating environmental engineering system design, bag filter, desulfurization and denitrification product design, manufacture, and sales service in the field of air pollution control. The company's products include Bag Filter; Bag and Electrical filter; Cyclone and Furnace shell.

Kelin Environmental Protection Equipment (SZSE:002499) Headlines

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